oxl, its first year of operations, Knot, Inc., manufactured 110,000 units of its single product, manufacturing costs were $6 per unit of product. Fixed manufacturing costs were $110,000 ties. Variable and are based on the production average selling price of S costs were $80,000. 4) What's Knot's operating income using the absorption approach for 20x1? B)What's Horn Gren's operating income using the contribution approach for 20x volume of 110,000 units. Knot sold 100,000 ties during the year at an 10. Variable selling costs were 50e per tie and fixed selling and administrative 1